Auto Industry

car&bike Team

Nov 30, 2021, 5:57 PM

Nissan Reveals 4 Concept Electric Vehicles

All the four concepts showcase the future of mobility and the path that Nissan will take when it comes to the EVs that it plans to bring in.

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  Reuters | Nov 30, 2021

  Oil Gains On Bets OPEC+ Will Pause Output Hike

  Oil plunged around 12% on Friday along with other markets on fears the heavily mutated Omicron would spark fresh lockdowns and dent global growth.

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  Reuters | Nov 30, 2021

  Court Finds Mazda Australia Misled Customers On Refunds For Faulty Vehicles

  The court found that Mazda made 49 separate false or misleading representations to nine consumers, who sought refund or replacement after facing serious and recurring faults with their vehicles within a year or two of purchase.

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  Reuters | Nov 30, 2021

  U.S. To Sell 32 Million Barrels Of Mostly Sour Crude From 4 SPR Sites

  The sale of SPR oil, which is mainly blended sour crude, is expected to depress the value of U.S. sour crude Mars and benefit buyers in Asia which processes mainly high-sulphur oil.

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  Reuters | Nov 30, 2021

  OPEC Postpones Technical Meetings To Evaluate Omicron Impact

  OPEC and allies known as OPEC+ have move their joint technical committee to Wednesday from Monday, according to the documents. OPEC would hold a meeting the same day.

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  Reuters | Nov 30, 2021

  China Beefs Up Rights Of Workers In Ride-Hailing Industry

  In a statement, the transport ministry said ride-hailing companies should improve income distribution mechanisms and provide social insurance for drivers.

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  car&bike Team | Nov 30, 2021

  Omicron Rattles Oil Markets But Impact Unclear

  Oil prices plunged more than 10% on Friday - their largest daily drop since April 2020 - but recovered some of those losses on Monday, standing up nearly 5% on the day.

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  car&bike Team | Nov 30, 2021

  Samsung To Supply New Advanced Auto Chip To Volkswagen

  Samsung Electronics on Tuesday revealed new auto chips targeting demand for advanced chips in cars, including one mounted in Volkswagen's infotainment system developed by LG Electronics.

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  Seshan Vijayraghvan | Nov 30, 2021

  Top 10 SUVs Sold In October 2021; Tata Motors Leads The Pack With 25% Share

  While the Hyundai Venue was the best selling SUV at 10,554 units, the Nexon and Punch collectively accounted for 18,549 units, which gives Tata Motors a dominating 25 per cent share among the five brands in the Top 10 best-selling SUVs list.

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